State budget revenues in Ukraine up 1.7% y/y in Jan-Jul.

By bne IntelliNews August 5, 2013

In Jan-Jul, state budget revenues rose by 1.7% y/y to UAH 189.7nm, the State Treasury has announced. The general fund of the state budget received UAH 166.3bn in revenues, an increase of 3.8% y/y. Moreover, UAH 23.4bn was sent to state budget's special fund. The FinMin announced that consolidated budget revenues amounted to UAH 240.9bn in Jan-Jul.

In addition, in Jan-Jul, the State Property Fund (SPF) transferred UAH 182.4mn to the state budget from privatization of the state property. The 2013 state budget's receipts from privatization are anticipated at UAH 10.9bn. So, the Jan-Jul proceeds make 1.7% of the sum.

The SPF has also transferred UAH 617.3mn to the national budget in revenue from lease of state property.  In 2013, UAH 835mn of revenue from lease of state property is supposed to be transferred to the national budget, so 73.9% of the sum has been already collected. Besides, UAH 125.8mn was sent to state budget in dividends accrued on the shares in public ownership.

In H1, the state budget revenues declined by 0.2% y/y to UAH 162.65bn (USD 20.33bn), the FinMin has reported. The general fund of the state budget received UAH 142.4bn, up by 0.8% y/y, while special fund got UAH 20.29bn, down by 6.3% y/y.

The 2013 state budget foresees revenues of UAH 362.83bn and expenditures of UAH 412.06bn.

Ukraine's state budget for 2013 could be revised following its fulfillment in Jan-Sep, announced FinMin. According to FinMin’s official, Halyna Pakhachuk, the changes will be made only in case of necessity. At the same time, she recalled that the provisions of the Budget Code envisage state budget cutting amid the absence of proper revenues. She said that the revision of state budget figures after the nine months of the year was expedient, since many expert institutes currently have different macroeconomic forecasts.

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